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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Belinda S. who wrote (43281)	6/5/1999 1:24:00 PM
From: bobby is sleepless in seattle	Respond to of 120523

Hi all We had a nice little rebound after the "REVISED" employment numbers were released...and I stress revised... hard to read how the market will interpret this. A slight relief rally? And to add to our excitement, we see a court in Portland dealing a major blow to T and its components (ATHM), and seeing many of the ISP's as beneficiaries, not to mention the nets in general...which may continue into next week. Could this be what the nets needed to fuel optimism back into the sector (AOL leading the charge)? dailynews.yahoo.com Lurking in the big picture, however is the fear of interest rate hikes which has the majority of analysts in 90% agreement that the occurrence of one happening prior to the end of the year is imminent with nearly half suggesting one will take place during the next FOMC meeting. My point is I shall remain cautiously optimistic (oxymoron?). Although CNBC mentioned many of the intstitutions are now taking positions, there are technicians looking for a pullback to DOW 10K or slightly less. As traders, we have to be swift as deer to take advantage of buying opps such as yesterday's presentation (as I did establish small trading positions). I do hope we see a turnaround as I am anxious to "load" up. But perhaps the hardest trade to make is none at all. As many of you have observed, TA works wonders when the market rallies. However, when there is a larger force at work, TA and FA are virtually meaningless. Many of you have observed this as well. Not trying to point out the obvious, but as mainly a lurker, I continuously see posts challenging the might forces of the gneral market climate. Anyway, my .02 as I have remained highly liquid, patiently awaiting clearer signals, even if it means passing on many intraday opportunities...